UK ResiEMEA Version 2.0.0

Transcription

1 The following is Fitch Ratings file layout and fields for UK mortgage pools submitted to the Fitch Ratings UK RMBS Group as of 9 September Please mortgage files to the appropriate person in Fitch s UK RMBS Group. Include a contact name and phone number, and a summary of the pool. The summary helps us ensure that we have received a complete, correct file and should include breakdowns of the pool by rate, balance, purpose, etc. Please also provide an explanation of any fields that have not been populated. If the pool is extraordinary in any way, please call or provide a detailed description for the additional information. 1. A Row Number INTEGER Serial number of loans starting from Cell A6 in UK data template. If some of the loans are removed (rows deleted) after copying the data into the template, please reorder the serial numbering for this field. 2 B Y TEXT Originator s unique Loan Loan Identifier 3 C Loan amount at time of latest loan advance 4 D Prior charge amount Y Loan Amount as per latest advance. If second charge loan, then loan amount of second charge goes in here. This should include capitalised fees that have been added to the loan rather than paid in cash. The loan amount outstanding of first charge if the loan being included in the pool is second charge. 5 E Postcode Y TEXT Postcodes in UK have two parts; both parts must be provided. Please separate these with a SPACE for additional characters. For example: OX1 1HP NOT OX11HP. Also, if first set of characters is only 2 letters do not include a space, i.e. N1 2AB, and not N 1 2AB. 1 15,000 3,000, ,000, 000 Page 1 of 15

2 6 F Property value at time of latest loan advance 7 G Current ACTUAL loan balance 8 H Valuation date at time of latest loan advance or AVM valuation date 9 I Original term (months) 10 J Type of repayment Y Property value as of date of latest loan advance. AB (Valuation Type) should reflect the type of valuation employed. Y Amount of loan outstanding as of pool cut off date, This should include any amounts that are secured by the mortgage and will be classed as principal in the transaction. For example if fees have been added to the loan balance and are part of the principal in the transaction these should be added. Y DATE Date of latest property valuation at time of latest loan advance. AB (Valuation Type) should reflect the type of valuation employed. F (Property value at time of latest loan advance) should reflect the value of property as on this Valuation date. Y INTEGER Original Term of loan as per mortgage agreement. If term of the mortgage has been amended per a further advance, please reflect the updated value here. Y LIST Type of principal repayment. Please select from the list: IO; REP. Unless full repayment loans, this should be listed as IO (i.e. even if partial repayment or linked to an endowment policy) 11 K MI provider LIST Name of Mortgage Insurance provider. Please select from the list: MIProvider1; None 1,000 15,000 2,000, ,000 3,000, /01 / /01 / Page 2 of 15

3 12 L MI attachment Floor 13 M Primary income (Borrower 1) 14 N Secondary income (Borrower 2) 15 O Borrower income certification type 16 P Borrower Employment Type Floor at which mortgage insurance no longer covers losses. Y Gross income of Primary Borrower. LIST LIST Gross income of Secondary Borrower. For loans that are made to more than 2 applicants please include all income for all Secondary and tertiary etc applicants in M. and flag these loan using one of the Other columns (columns 53-57) Income Verification Type. Please select Self certified if the loans falls under any of the following: 1. income self-certified 2. income not verified by receipt of pay slips for employed borrowers or tax assessments or trading accounts certified by a qualified accountant for selfemployed borrowers 3. no income declared When sending the data file please tell us which of these sub-categories apply to the pool. OTHERWISE please select from the list: Certified; Fast track. Please select Selfemployed if the borrower is self employed, OTHERWISE please select from the list: Temporary; Unemployed; Pensioners; Retired; Civil servants; Other; Unknown. 0 1,000 1,000, ,000, 000 Page 3 of 15

4 17 Q First Time Buyer 18 R Interest Rate Type Y BOOLEAN Please input 1 if the borrower is first time buyer, defined as a buyer who has never owned residential property in the UK before; OTHERWISE 0 LIST Please select from the list: Capped; Discount; Fixed; SVR; Tracker; Floating; Other 19 S Right-to-Buy Y BOOLEAN Please input 1 if the loan is for right-to-buy purpose; OTHERWISE 0 20 T Right-to-Buy Purchase Price 21 U RTB Loan Discount Protection 22 V RTB Purchase Date LIST DATE For mortgages where the loan purpose is RTB, please enter the purchase price of the underlying property Please select from the list: Deed of Postponement; Title Insurance; None; Other If, for example for a remortgage, and the purchase date is different from the origination date of the loan, please enter the RTB Purchase Date here. If this is not the case, leave the field blank. 23 W Loan Purpose Y LIST Please select from the list: Purchase; Remortgage 24 X Buy-to-Let loan Y BOOLEAN Please input 1 if the loan is for buy-to-let purpose; OTHERWISE 0 01/01 /1980 Page 4 of 15

5 24 Y Buy to Let Interest Coverage Ratio Over Stabilised Rate 25 Z Debt Consolidation 26 AA Property Purpose Type BOOLEAN LIST For each buy-to-let mortgage in the portfolio, please enter the ratio of expected monthly rent over monthly interest due on the loan. The monthly interest must be calculated as the loans reversionary or stabilised rate over its index as of the pool cut off date. If you cannot provide this data in the period during which you are enabling your systems to provide this data going forward, please flag all loans with 1.0 and contact the relevant Fitch analyst on this point. Loan Purpose for either Debt Consolidation (was the advanced used to pay off unsecured debts, or has the borrower used the loan to secure unsecured debts?). Input 1 if the loan was provided for the purpose of debt consolidation; OTHERWISE 0. Please select Second home from the list if the purpose of the loan is to acquire a second home; OTHERWISE please select First home 27 AB Valuation Type Y LIST Please select from the list: AVM; Index; Desktop; Drive-by; Full; Other 28 AC Property Type LIST Please select from the list: Terraced; Semi-Detached; Detached; Flat; Maisonette; Non-Standard; Other Page 5 of 15

6 29 AD Stabilised Margin after discount/fixed period over 3- Month LIBOR Y The stabilised or reversionary margin after any discount or fixed period. Calculate the margin off LIBOR as of the cut-off date even if the actual basis for the loan is another index (i.e. SVR or BBR). For example, if as of the cut-off date Libor is 4.9% and BBR-linked loans pay 1.0% over base rate (which is 4.5% at the time) and SVR is 6.0% at the time, enter into field AC the stabilised margin for such BBR-linked loans as 0.6% and 1.1% for the SVR loans. 30 AE Current Coupon Y Actual Coupon as of the cut-off date INCLUDING the then current discount or fixed rate 31 AF Product Type LIST Please select from the list: Prime; Subprime 32 AG Borrower's credit score if available TEXT Enter credit score or product-type for loan to provide your internal stratification for loans within the portfolio. Please enter Prime for loans originated to prime borrowers 33 AH Originator Y TEXT Name of the originator to be populated. Use unique/separate identifier for loans originated by different lenders or during a different period, i.e. loans included from a called transaction. Page 6 of 15

7 34 AI Prior Bankruptcy Order/ IVA 35 AJ Number of Years since Discharged (Prior Bankruptcy Order)/Years Satisfactorily Conducted (IVA) 36 AK No. of months this loan in arrears (at pool cut off date) 37 AL Origination Date BOOLEAN If any prior satisfied or unsatisfied bankruptcy order and/or IVA experienced by the borrower input 1; OTHERWISE 0.Notify Fitch if this data can only be provided if it meets the criteria of the lender. Number of years since bankruptcy order discharged or IVA satisfactorily conducted. Please note that if AI has been flagged with 1 and if the number of years in this field is missing / blank, the ResiEMEA model would apply the most penal hit for such a case. I.e. 2 months is 60 days in arrears. As arrears reporting definitions are not standard in the UK mortgage market Fitch may make adjustments if the method of reporting is felt to be inconsistent with the rest of the market. this field is missing / blank, the ResiEMEA model would apply the most penal hit for such a case. Y DATE Date when loan was originated /01 / /01 /1975 Page 7 of 15

8 38 AM Combined value of all unsatisfied CCJs 39 AN "Total number of the ""unsatisfied"" County Court Judgement" Notify Fitch if this data can only be provided if it meets the criteria of the lender. For joint applications (where affordability of the loan has been assessed using both applicants or more than 2 applicants) the combined value of all CCJs for both applicants should be entered if the income of both applicants was used to assess affordability of this field is missing/blank, the ResiEMEA model would apply the most penal hit for such a case. Notify Fitch if this data can only be provided if it meets the criteria of the lender. For joint applications (where affordability of the loan has been assessed using both applicants or more than 2 applicants) the combined number of all CCJs for both applicants should be entered if the income of both applicants was used to assess affordability of this field is missing/blank, the ResiEMEA model would apply the most penal hit for such a case. 0 50, Page 8 of 15

9 40 AO Combined value of all satisfied CCJs 41 AP "Total number of the ""satisfied"" County Court Judgement" Notify Fitch if this data can only be provided if it meets the criteria of the lender. For joint applications (where affordability of the loan has been assessed using both applicants or more than 2 applicants) the combined value of all CCJs for both applicants should be entered if the income of both applicants was used to assess affordability of this field is missing/blank, the ResiEMEA model would apply the most penal hit for such a case. Notify Fitch if this data can only be provided if it meets the criteria of the lender. For joint applications (where affordability of the loan has been assessed using both applicants or more than 2 applicants) the combined number of all CCJs for both applicants should be entered if the income of both applicants was used to assess affordability of this field is missing/blank, the ResiEMEA model would apply the most penal hit for such a case. 0 50, Page 9 of 15

10 42 AQ Timing (in no. of years) of last CCJ prior to loan completion 43 AR Timing (in no. of years) of last CCJ satisfied prior to loan completion Notify Fitch if this data can only be provided if it meets the criteria of the lender. For joint applications (where affordability of the loan has been assessed using both applicants or more than 2 applicants) the most recent CCJ for all applicants should be used. this field is missing/blank, the ResiEMEA model would apply the most penal hit for such a case. Notify Fitch if this data can only be provided if it meets the criteria of the lender. For joint applications (where affordability of the loan has been assessed using both applicants or more than 2 applicants) the most recent CCJ for all applicants should be used. this field is missing/blank, the ResiEMEA model would apply the most penal hit for such a case. 44 AS Flexible Loan Y BOOLEAN Please input 1 if the loan includes a flexible feature; OTHERWISE AT drawable amount for Flexible Loan + Current Loan Balance 46 AU Payment Holiday If the loan has flexible features, please enter an amount equal to the maximum drawable amount plus the current loan balance. If the loan does not have flexible features, please enter 0. Y BOOLEAN If the loans have any payment holiday feature please fill with 1; otherwise ,000 3,000, 000 Page 10 of 15

11 47 AV No. of months prior mortgage/rental in arrears in 6 months prior to loan completion 48 AW No. of months prior mortgage/rental in arrears in 7-12 months prior to loan completion Number of cases of prior mortgage/rental arrears during the 6 months prior to loan origination. If this data cannot be provided for any loans, please flag such loans separately. For joint applications (or applications to more than 2 applicants), this should be worst status of either borrower if the borrowers had one mortgage each prior to this loan. this field is missing / blank, the ResiEMEA model would apply the most penal hit for such a case. Number of cases of prior mortgage/rental arrears during the 7-12 months prior to loan origination. If this data cannot be provided for any loans, please flag such loans separately. For applications (or applications to more than 2 applicants), this should be worst status of either borrower if the borrowers had one mortgage each prior to this loan. this field is missing/blank, the ResiEMEA model would apply the most penal hit for such a case. 49 AVM Value This refers to the last AVM value. The AVM value is expected to be the current/latest valuation of the property. If not please contact a Fitch analyst 50 AX AVM valuation date DATE Date of latest independent AVM property valuation , ,00 0 Page 11 of 15

12 51 AZ Confidence level/ Uncertainty level 52 BA Adverse Credit Loan Type LIST Please enter: The related confidence/ uncertainty level provided by Hometrack, UK Valuation, Rightmove or Calnea Label the loan according to Fitch s adverse credit labels criteria. Please select from the list: Prime; Near Prime; Light, Medium; Heavy; Unlimited; BTL Loans should be classified attending to the characteristics of the product at the time of origination. Prime category is only for loans where defaults on unsecured debts and prior repossessions have been taken into account in the underwriting process. 53 BB Other 1 BOOLEAN Input Y if any other features of loan or borrower cause it or them to be non-standard in prime market. Please provide us with a description of such feature. 54 BC Other 2 BOOLEAN Input Y if any other features of loan or borrower cause it or them to be non-standard in prime market. Please provide us with a description of such feature. 55 BD Other 3 BOOLEAN Input Y if any other features of loan or borrower cause it or them to be non-standard in prime market. Please provide us with a description of such feature. Page 12 of 15

13 56 BE Other 4 BOOLEAN Input Y if any other features of loan or borrower cause it or them to be non-standard in prime market. Please provide us with a description of such feature. 57 BF Other 5 BOOLEAN Input Y if any other features of loan or borrower cause it or them to be non-standard in prime market. Please provide us with a description of such feature. 58 BG Construction Year INTEGER Indicate the year when the property was originally built (e.g. 1996). In the case of a conversion of a building into flats, the date of conversion should be supplied. 59 BH Builder deposit BOOLEAN Input 1 if the borrower of the loan has received any builder incentive such as a deposit; OTHERWISE BI Teaser Loan (date end teaser period) 61 BJ Discount offered during teaser period 62 BK Early Redemption Charges (from origination) 63 BL Early Redemption Charges type (POB,MOI) DATE TEXT TEXT If the loan is within a teaser rate period indicate the end date of this period. If the loan is within a teaser rate period indicate the discount in relation the stabilised rate of the loan during the teaser period. Indicate the pattern of the early redemption charges. Introduce as many numbers separated by comas as per changes in the rate of the charges. Indicate if the redemption charges are applied to the redeemed balance (POB) or calculated as interest monthly payments (MOI). Page 13 of 15

14 64 BM Interest Rate Index Y LIST Indicate the loan index that the loan will be referenced to after any teaser or discount period. Please select from the list: Libor; Euribor; BBR; SVR 65 BN Borrower Y TEXT If not applicable, input Loan 66 BO Property Y TEXT If not applicable, input Loan 67 BP Primary Servicer Name 68 BQ Special Servicer Name 69 BR propavm Provider 70 BS Loan Denomination Currency TEXT TEXT LIST Provider of the AVM valuation. Please select from the list: Hometrack; UKValuation; Rightmove; Calnea Y LIST Loan Denomination Currency. Please select from the list: GBP; EUR 71 BT OLTV Populate if available. 72 BU CLTV Populate if available. 73 BV Confidence level / Uncertainty level at latest advance 74 BW propavm Provider at latest advance 75 BX Worst arrears over last 5 years or since origination Please enter: The related confidence/ uncertainty level provided by Hometrack, UK Valuation, Rightmove or Calnea LIST Provider of the AVM valuation at latest advance. Please select from the list: Hometrack; UKValuation; Rightmove; Calnea Worst arrears over last 5 years or since origination Page 14 of 15

15 76 BY Date Other 1 DATE Any additional information on Please contact 77 BZ Date Other 2 DATE Any additional information on Please contact 78 CA Text Other 1 TEXT Any additional information on Please contact 79 CB Text Other 2 TEXT Any additional information on Please contact 80 CC Numeric Other 1 81 CD Numeric Other 2 82 CE Numeric Other 3 83 CF Numeric Other 4 84 CG Numeric Other 5 Any additional information on Please contact Any additional information on Please contact Any additional information on Please contact Any additional information on Please contact Any additional information on Please contact Page 15 of 15